The statistics vary, but reliable Caribbean and international entities suggest that the region’s tourism sector is now delivering on average directly and indirectly about 40.6 percent of the Caribbean’s Gross Domestic Product (GDP), although, in Aruba, Antigua and Barbuda, Barbados, The Bahamas, the Organisation of Eastern Caribbean States (OECS), and most overseas territories tourism, the figure is much higher.
Detailed country by country analysis and statistics produced by the International Monetary Fund (IMF) suggest that sustaining the contribution tourism makes has become critical to the long-term economic stability of almost every Caribbean nation other than Trinidad and Tobago, Suriname, and Guyana.
Despite this, little thought has been given to how to future proof the industry as disruptive technologies take their toll, the region’s largely sun, sea and sand high-volume offering becomes subject to multiple global pressures likely to affect traveller sentiment and international competition increases.
Read full article at Caribbean News Global
